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How far can a digital asset exchange go to shut down somebody’s account? As famous trader CoinMamba discovered, a centralized exchange like Binance can close accounts for the same vague, hand-wavy reason as any other financial institution — especially when its account owner threatens to create social media drama.
This week, Binance placed an account belonging to an influential trader who goes by the name ‘CoinMamba’ in withdraw-only mode after he claimed to have been a victim of an exploit of his account’s API key.
Hosted on Acast. See acast.com/privacy for more information.
How far can a digital asset exchange go to shut down somebody’s account? As famous trader CoinMamba discovered, a centralized exchange like Binance can close accounts for the same vague, hand-wavy reason as any other financial institution — especially when its account owner threatens to create social media drama.
This week, Binance placed an account belonging to an influential trader who goes by the name ‘CoinMamba’ in withdraw-only mode after he claimed to have been a victim of an exploit of his account’s API key.
Hosted on Acast. See acast.com/privacy for more information.